Officers at the scene had collected around HK$5,000 (US$639.90), according to the report.

A live video on Facebook page Epoch.Cryptocurrency – a page that promotes cryptocurrency – showed a man in a black hoodie announcing in Cantonese, that it was “FCC’s big day in announcing the trading race” with a smile on his face.

“I hope everyone here will pay attention to this important event… (I) don’t know whether any of you will believe money can fall from the sky,” said the 24-year-old.

After his speech, he turned around and walked off, revealing a black bow slung across his body.

The audience cheered as the camera panned up to a building where money started fluttering down.

According to SCMP, the man is believed to be the owner of Epoch Cryptocurrency. He is widely known online as “Coin Young Master” and his real name is Wong Ching-kit. A search of company records showed that Wong owns a firm called Coin’s Group.

In a Facebook video posted shortly after the stunt, Wong claimed he was “robbing the rich to help the poor”.

In his post, he also asked people watching the video where else in the city they would like to see the “strange phenomenon”.

A day later (Dec 16), Wong arrived in Sham Shui Po in a Lamborghini sports car in preparation for another stunt. He stepped out holding a stack of HK$500 bills, Ming Pao reported.